Golden Sunlight Mine is located 26 miles from Coronado's Madison property
and expects to commence shipping on or about October 17, 2007. Golden
Sunlight Mine took a representative sample from 50 tons of crushed ore and
produced a higher than expected grade of .477ozs per ton of gold with a 70%
recovery rate.

Mining of the gold ore is underway on level 1 and the initial mining will
extract ore from areas where chips samples from the walls of underground
development produced assays of .657ozs of gold per ton over 30 feet in
length, .554ozs of gold per ton over 25 feet, .661ozs of gold per ton over
10 feet and 1.008ozs of gold per ton over 10 feet.

The present production and processing will allow cash flow to Coronado
Resources Ltd. as early as December 2007 and continue to increase in the
early months of 2008.

NetTV.TV of London, England (www.nettv.tv) will be on site at the Madison
Property on October 18, 2007 to film a 30-minute documentary on Coronado's
early stage production and its ongoing progress. Upon completion of the
documentary Coronado will post a link on its website for public and
shareholder viewing.

Assay work was completed by Norris Labs, a local Montana lab, using the dry
assay method.

Norris Labs is not registered by the international standard organization;
they are used due to proximity and quick turnaround. Eugene Larabie, P.
Eng., is the "qualified person" overseeing the development program. For
more information, please visit the company's website at
www.coronadoresourcesltd.com.

On Behalf of the Board

"Eugene Larabie"

President

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. The
foregoing information may contain forward-looking statements relating to
the future performance of Coronado Resources Ltd. Forward-looking
statements, specifically those concerned with future performance, are
subject to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time in
filings with the appropriate securities commission.